Pacer US Cash Cows Growth ETF (NYSEARCA:BUL) Short Interest Down 75.4% in August

Pacer US Cash Cows Growth ETF (NYSEARCA:BUL) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 5,161 shares, a decline of 75.4% from the August 15th total of 20,943 shares. Based on an average daily volume of 7,557 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the company’s shares are sold short.

Pacer US Cash Cows Growth ETF Price Performance

NYSEARCA:BUL traded up $0.35 during trading hours on Friday, reaching $62.71. 10,366 shares of the company were exchanged, compared to its average volume of 11,360. Pacer US Cash Cows Growth ETF has a 52-week low of $50.34 and a 52-week high of $65.70. The stock has a 50 day simple moving average of $62.26 and a 200 day simple moving average of $58.92. The firm has a market cap of $134.83 million, a price-to-earnings ratio of 16.49 and a beta of 1.00.

Institutional Investors Weigh In On Pacer US Cash Cows Growth ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of Pacer US Cash Cows Growth ETF by 48.7% in the 4th quarter. Royal Bank of Canada now owns 742 shares of the company’s stock worth $41,000 after purchasing an additional 243 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Pacer US Cash Cows Growth ETF during the 2nd quarter worth about $30,000. Fifth Third Bancorp acquired a new stake in Pacer US Cash Cows Growth ETF during the 1st quarter worth approximately $38,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Pacer US Cash Cows Growth ETF during the 4th quarter worth approximately $42,000. Finally, Integrated Wealth Concepts LLC raised its holdings in Pacer US Cash Cows Growth ETF by 22.1% in the second quarter. Integrated Wealth Concepts LLC now owns 6,270 shares of the company’s stock valued at $370,000 after buying an additional 1,134 shares during the period.

About Pacer US Cash Cows Growth ETF

The Pacer US Cash Cows Growth ETF (BUL) is an exchange-traded fund that is based on the Pacer US Cash Cows Growth index. The fund tracks a market cap-weighted index of large- and mid-cap US growth equities selected using fundamental factors. BUL was launched on May 2, 2019 and is managed by Pacer.